There is no doubt that collecting 100% of the retirement pension is one of the objectives of any worker who, after a certain age, seeks to retire from the labor market. However, the truth is that the pension system, managed by the Ministry of Inclusion, Migration and Social Security, led today by José Luis Escrivá, undergoes changes every year, which affects points as relevant as the In the case of retirement age, the contribution or the method of calculating social benefits.
To better understand this issue, we must go back to the 2011 pension reform, although it is true that it began to be applied two years later, in 2013. the requirements to be entitled to receive the maximum pension. In turn, a progressive calendar is established regarding the increase in the retirement age for these two variants, which in 2027 will reach 67 years.
Precisely in this sense, what does not change has to do with the minimum retirement age, which continues to be 65 years, although what does increase is the time that must have contributed to get the full pension in 2023. This year increases to 37 years and nine months, while last year it was set at 37 years and six months. This means that in twelve months the age increases by three months in order to obtain 100% of the pension.
At what age can I retire to collect the pension?
There is something that has not changed and that is that the minimum retirement age is still set at 65 years. But the time that must have contributed at that age to collect 100% of the pension increases to 37 years and nine months, while it was 37 years and six months in 2022. Otherwise, the retirement age is set at 66 years and 4 months. Added to this is the fact that it will be necessary to have quoted for more time to be able to collect 100% of the regulatory base: it goes from 36 years in 2022, to 36 and a half years. That is, it increases a total of six months.
Another matter to take into account has to do with the fact that the percentages of the regulatory base to which there is a right vary depending on the years worked. For people who prove 15 years, 50% of the regulatory base is maintained, but, as of that date, the extra percentages of the regulatory base per month worked are changed: an extra 0.21% is granted for each of the following 49 months, and 0.19% for each of the following 149 months.
Increase the retirement age to get the pension
The retirement age from the Spanish labor market will continue the upward trend and will gradually increase in the coming years. Thus, in 2024, to collect 100% of the pension and be able to retire at age 65, the worker must have contributed for around 38 years, while, if the period worked is less than this, retirement will become effective at 66 years and six months.
In 2025, the contribution period will compensate at 38 years and three months to retire at 65 years and, if under 38 years, at 66 years and eight months. However, in 2026 the contribution periods will not undergo major changes, but, from 2027, retirement will be an option at age 65, as long as 38 years and six months have contributed. If that time is less, the worker will not be able to retire until the age of 67. To account for the contribution time, full years and months are taken into account, but fractions thereof are not equated to a year or a month.
